2014-02-24 09:48:03 - Weight Management in the US - a new market research report on companiesandmarkets.com
Herbalife International Inc continued to lead the US weight management market with 10% value share. Its value sales recorded 7% growth to increase to US$395 million. Herbalife is a direct seller and bolsters its strength in weight management through its strong 14% brand share of meal replacement slimming which recorded current value sales of US$342 million.
Weight management experienced a tepid 1% growth in current value sales compared to 2% in 2011. This slow growth is attributed in part to substantial gains in meal replacement slimming balanced by the significant declines in weight loss supplements and OTC obesity. In addition to the production issues associated with Alli, there were also notable declines in brands such as Jillian Michaels weight loss supplements,
Dextrim, and TrimSpa X32. These declines in quick fix diet supplements can be attributed to consumer trends in being more personally dedicated to committed and traditional methods of exercise and healthy eating as seen in the rise of at-home cooking trends, and the rise of organic foods.
Weight management is expected to show a tepid 1% constant value CAGR over the forecast period to reach US$4.3 billion. Contributing to this slow growth is a substantial 19% constant value CAGR decline in OTC obesity and the flat compounded annual growth in value for weight loss supplements through the forecast period.
- Weight management records 1% current value growth in 2012 to reach US$4.1 billion
- OTC obesity suffers significant decline in current value to production issues of Alli in the first half of 2012
- Meal replacement slimming maintains its popularity in 2012 with 3% current value growth to reach US$2.4 billion
- Herbalife International leads with 10% value share in 2012, with Kellogg closely behind with 7% share
- Weight management is expected to grow through the forecast period demonstrating a 1% constant value CAGR
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